It’s funny, isn’t it, that when it comes to poor black women, the ethos is always welfare to work. But when it comes to millionaire white men, it’s always work to welfare. Maybe a little welfare reform on Wall Street is overdue.
Wednesday, October 1, 2008
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Wall Street didn't cause this mess. It was the poor management of Freddie and Fannie. People like Mudd, Gorelick, Franklin Raines, and James A. Johnson pirated Freddie Mae. In the 80's Freddie almost went out of business from investments in mortgage backed securities and investments in real estate. nomedals.blogspot.com
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